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Laurel Enterprises expects earnings next year of 54 21 per share and has a 40% retention rate which plans to keep constant ils equity cost

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Laurel Enterprises expects earnings next year of 54 21 per share and has a 40% retention rate which plans to keep constant ils equity cost of capital is 11%, which is also is expected return on TwoW investment its earnings we expected to grow forever at a rate of 44% per year. It is next dividend is doo in one year, what do you estimate the firm's current stock pocelo bol The current stock price will be (Round to the nearest cent)

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